Vel Gardens is a 55+ community with an active clubhouse & heated pool. This 2Bedroom 2Full Bath, 2nd floor (with elevator)is furnished and ready for move in! The A/C was upgraded just 2 years ago and there is an inside stackable washer/dryer also. The kitchen is light and bright with a window that overlooks your assigned covered parking. Plenty of guest parking is available too! The Primary Bedroom is oversized and can accommodate very large furnishing. There is an en-suite bath and huge walk in closet. Tile floors in the kitchen, hallway & baths. Laminate floors in the remainder including the family, dining and both bedrooms. Plenty of storage includes a ginormous hall closet and an additional closet located at the back of the living area. The Seller has removed the slider between the Great room and lanai which allows this extra area to make a great desk/office area or just a cozy reading chair! Vel Gardens is a highly desirable location due to it's proximity to several restaurants, beaches, shopping & medical facilities. Most within walking distance. Some furnishings to stay at the convenience of the Seller but not to include staging items & bedding. This unit is priced to sell with a very low HOA fees. At this price it makes a wonderful vacation place to get out of the cold anytime you need a little sunshine. Check out the Punta Gorda Airport just 9. 5 miles away. . . . Allegiant Airways has direct flights from up north and you can be at your Condo within 3 hours! Long weekends a must! Come taste the flavors of our Florida Sunshine!
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $123,920 | $123,920 | $123,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $55 | $55 | $55 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $835 | $824 | $1,045 |
Total Monthly Payment | $965 | $954 | $1,175 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.